UGC Gives Fannie Mae Blanket Delegation of Authority

As of Wednesday, ""Fannie Mae"":http://www.fanniemae.com/portal/index.html has blanket delegation of authority on behalf of all servicers from ""United Guaranty Corporation"":https://www.ugcorp.com/ (UGC), the GSE announced. Servicers can now apply Fannie Mae's guidelines and process a pre-foreclosure sale or deed-in-lieu of foreclosure in connection with Fannie Mae-owned or â€"guaranteed loans without obtaining approval from UGC. This blanket delegation of authority replaces any limited delegation Fannie Mae previously had.

A complete list of mortgage insurers that have issued Fannie Mae blanket delegations of authority can be found at ""eFannieMae.com"":https://www.efanniemae.com/home/index.jsp.